Tuesday March 31, 2020

SEC sought details of BoI’s bad debt profile

The US stock exchange regulator has sought additional details from Bank of Ireland on its bad debt profile, after querying ‘‘significant’’ increases in impairment charges in its regulatory filings.

14th March, 2009

The US stock exchange regulator has sought additional details from Bank of Ireland on its bad debt profile, after querying ‘‘significant’’ increases in impairment charges in its regulatory filings.

The Securities and Exchange Commission (SEC) wrote to the then Bank of Ireland chief executive, Brian Goggin, last December with detailed queries on the bank’s policy for providing for loan losses, including questions over a sharp increase in impaired loans in a...

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